Common use of Incentive Option Clause in Contracts

Incentive Option. An Option that is intended to qualify as an "incentive stock option" within the meaning of section 422 of the Code. An Incentive Option, or a portion thereof, shall not be invalid for failure to qualify under section 422 of the Code, but shall be treated as a Nonqualified Option. PMT SERVICES, INC. 1994 INCENTIVE STOCK PLAN

Incentive Option. An Option that is intended to qualify as an "“incentive stock option" ” within the meaning of section Section 422 of the Code. An Incentive Option, or a portion thereof, shall not be invalid for failure to qualify under section Section 422 of the Code, but shall be treated as a Nonqualified Option. PMT SERVICES, INC. 1994 INCENTIVE STOCK PLAN.